Technical Analysis for GPMT - Granite Point Mortgage Trust Inc.

Grade Last Price % Change Price Change
C 3.08 1.32% 0.04
GPMT closed up 1.32 percent on Thursday, November 7, 2024, on 2.25 times normal volume. It was able to find support at its 50 day moving average. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Doji - Bullish? Reversal 0.00%
Gapped Up Strength 0.00%
Lower Bollinger Band Touch Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Up 3% about 4 hours ago
Up 2% about 4 hours ago
Possible Pocket Pivot about 4 hours ago
Reversed from Down about 6 hours ago
Gap Up Closed about 6 hours ago

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Profile

Granite Point Mortgage Trust Inc. Description

Granite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in the United States.


Classification

Sector: Real Estate
Industry: REIT - Residential
Keywords: Banking Loan Mortgage Loan Mortgage Real Estate Investment Commercial Mortgage Personal Finance Refinancing Renovation Underwriting Diversification Real Estate Lending Repurposing

Is GPMT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.8181
52 Week Low 2.4212
Average Volume 377,569
200-Day Moving Average 3.51
50-Day Moving Average 2.91
20-Day Moving Average 3.02
10-Day Moving Average 3.00
Average True Range 0.13
RSI (14) 56.52
ADX 11.74
+DI 20.73
-DI 16.54
Chandelier Exit (Long, 3 ATRs) 2.79
Chandelier Exit (Short, 3 ATRs) 3.20
Upper Bollinger Bands 3.16
Lower Bollinger Band 2.89
Percent B (%b) 0.72
BandWidth 8.86
MACD Line 0.03
MACD Signal Line 0.03
MACD Histogram -0.0027
Fundamentals Value
Market Cap 158.86 Million
Num Shares 51.6 Million
EPS -1.36
Price-to-Earnings (P/E) Ratio -2.26
Price-to-Sales 8.76
Price-to-Book 0.30
PEG Ratio 0.00
Dividend 0.80
Dividend Yield 25.97%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.48
Resistance 3 (R3) 3.45 3.29 3.41
Resistance 2 (R2) 3.29 3.19 3.31 3.39
Resistance 1 (R1) 3.19 3.13 3.11 3.21 3.37
Pivot Point 3.03 3.03 2.99 3.04 3.03
Support 1 (S1) 2.92 2.93 2.84 2.95 2.79
Support 2 (S2) 2.76 2.86 2.78 2.77
Support 3 (S3) 2.66 2.76 2.75
Support 4 (S4) 2.68